Question: Problem 5 S - 1 ( Static ) A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's

Problem 5S-1(Static)
A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity.
The contractor must now make a decision on capacity for next year. Estimated profits under each of the two possible states of nature
are as shown in the table below.
Profit in $ thousands.
Click here for the Excel Data File
Which alternative should be selected if the decision criterion is (Enter your answers in thousands.)
Problem 5S-1(Static) A small building contractor has recently experienced two successive

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